Solar power glazing powering heating, cooling and irrigation systems
The global commercial greenhouse market is estimated to be valued at USD 29.6 billion in 2020 and is projected to reach USD 50.6 billion by 2025, recording a CAGR of 11.3% in terms of value. The growth of the market can be attributed to the rising demand for food due to the growing population, and climate change, which affects the yield of crops. Also, growing knowledge about commercial greenhouse technology for higher yield is expected to provide various growth opportunities for the commercial greenhouse market in coming years. Commercial greenhouses offer different types of covering materials such as glass or plastic roofs, and frequently glass or plastic walls. An emerging application with high growth potential, the greenhouses use several technologies such as heating systems, cooling systems, ventilation systems, LED grow lights, communication technology, irrigation system, and control systems, among others. Heating and cooling systems are the major equipments in the commercial greenhouse market. The increasing population and demand for food in developing regions such as the Asia Pacific are boosting the growth of the commercial greenhouse market. The growing requirement for fresh food in the Middle East has helped create an opportunity for urban farming in this region.